Biocon at resistance - make or break ?

Sep 18, 2017

Detailed in chart.
If invested then stay long with caution
New investment only after 160

Sep 19, 2017

Trade active

Double breakout. Broke resistance of 358 and well as 365.
Next target 375

Sep 25, 2017

Note

If you are still holding, maintain 336 as strict SL. Stock may take the support from here and boom but I see more chances of going sideways or breaking the support

Sep 26, 2017

Note

Biocon make a false breakout and then can back.
If you're still holding, like me, maintain the SL. I do expect strong movement before expiry. This movement can be in negative direction

Sep 27, 2017

Note

Still keeping the support. It has very boring stock. No movement since long.
Since I did hedge on it I'll quite happy if it falls. Let's see
Trade with SL

Oct 5, 2017

Trade closed: stop reached

Biocon is again moving towards 360 level. But it broke our SL before that.

Loss we made assuming that you the SL of 336 instead of original 348 -> 357 - 336 = 21

If you traded in 1 lot your loss is -> 21 * 1800 = 37800